Apple Pay Money No Longer Helps Credit score Card Following The Introduction Of "Apple Card" In an electronic mail despatched to customers yesterday, Apple introduced that it’ll finish help for utilizing Apple Pay Money with bank cards, which suggests you possibly can’t not sending person-to-person funds to your folks or household with a bank card, it already took impact in iOS 12.2 and watchOS 5.2, whereas the corporate additionally renamed “Apple Pay Money” to “Apple Money”.
Nonetheless, Apple Money nonetheless accepts debit card. Curiously, Apple Money stopped supporting bank card after they’ve launched its personal bank card, Apple Card. Apple says that this modification is intent to ensure that customers won’t need to “fear about money advance charges that could be charged by issuing banks”.
For individuals who wish to shortly switch cash from an Apple Pay Money stability to an Visa debit card within the Pockets app, Apple launched Apple Pay Money On the spot Switch that can assist you get going. Transfers will solely take couple of minutes and cost a 1 p.c payment, although conventional financial institution transfers nonetheless obtainable, a free ACH financial institution transfers will take anyplace from one to 3 enterprise days.